ACTIVE

Codific

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Financial year 2025 · closed on 31/12/2025

Net result

26,2 k €

+341.3% YoY

Gross margin

127,3 k €

+181.9% YoY

Equity

138,3 k €

+23.4% YoY

What does Codific do?

Codific is a Private limited company incorporated in 2011. Its main activity is: Other business support service activities n.e.c.. Its registered office is in Leuven.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0840.252.107

Incorporation

07/10/2011

Legal form

Private limited company

Registered office

Tervuursevest 21 box 1501
3001 Leuven · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

82990Other business support service activities n.e.c.· main 82990Other business support service activities n.e.c.

Contacts

1 public detail availableLog in to view

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	127,3 k €	+182%	45,1 k €	-52.4%	94,9 k €	+930%	9,2 k €	+242%	-6,5 k €	-123%	28,1 k €	+42.8%	19,7 k €	-43.5%	34,8 k €	+3.3%	33,7 k €	-6.1%	35,8 k €	+64.6%	21,8 k €	+3.2%	21,1 k €	+44.9%	14,6 k €	-72.9%	53,7 k €
EBITDA	126,2 k €	+225%	38,8 k €	-58.7%	93,9 k €	+1072%	8,0 k €	+215%	-7,0 k €	-126%	26,5 k €	+46.6%	18,1 k €	-43.1%	31,7 k €	-1.8%	32,3 k €	-6.4%	34,5 k €	+75.3%	19,7 k €	-2.2%	20,1 k €	+51.6%	13,3 k €	-74.8%	52,7 k €
Operating result	46,7 k €	+566%	-10,0 k €	-112%	84,4 k €	+5567%	-1,5 k €	+90.5%	-16,2 k €	-194%	17,2 k €	+434%	3,2 k €	-79.8%	16,0 k €	-16.8%	19,2 k €	+3.4%	18,6 k €	+386%	3,8 k €	+1524%	235,2 €	+117%	-1,4 k €	-104%	38,6 k €
Net result	26,2 k €	+341%	-10,9 k €	-118%	59,9 k €	+1910%	-3,3 k €	+83.7%	-20,3 k €	-314%	9,5 k €	+450%	-2,7 k €	-144%	6,1 k €	-25.1%	8,2 k €	-1.1%	8,3 k €	+1831%	428,4 €	-95.4%	9,3 k €	+31.0%	7,1 k €	-67.8%	22,0 k €
Balance sheet
Equity	138,3 k €	+23.4%	112,1 k €	-8.8%	123,0 k €	+95.0%	63,1 k €	-5.0%	66,4 k €	-23.4%	86,7 k €	+12.3%	77,2 k €	-3.4%	79,9 k €	+8.3%	73,8 k €	+12.5%	65,6 k €	+14.4%	57,3 k €	+0.8%	56,9 k €	+19.4%	47,6 k €	+17.4%	40,6 k €
Total assets	1,0 M €	+21.7%	857,2 k €	+36.0%	630,4 k €	+80.4%	349,4 k €	+45.0%	240,9 k €	-27.2%	331,0 k €	+5.2%	314,7 k €	+11.8%	281,4 k €	+23.5%	227,9 k €	+2.2%	222,9 k €	+5.8%	210,7 k €	+14.4%	184,2 k €	-17.1%	222,2 k €	+13.8%	195,2 k €
Cash	162,4 k €	+76.4%	92,1 k €	-30.2%	131,9 k €	+227%	40,3 k €	+34.9%	29,9 k €	-3.2%	30,9 k €	+167%	11,6 k €	-30.8%	16,7 k €	-54.5%	36,8 k €	+66.1%	22,2 k €	+38.3%	16,0 k €	+79.4%	8,9 k €	-59.1%	21,8 k €		–
Debts	233,5 k €	-31.3%	339,8 k €	+95.0%	174,3 k €	+82.5%	95,5 k €	-35.3%	147,7 k €	-28.0%	205,0 k €	+2.4%	200,3 k €	+12.6%	177,9 k €	+23.1%	144,5 k €	+0.7%	143,4 k €	+5.4%	136,1 k €	+6.8%	127,3 k €	-27.0%	174,5 k €	+20.1%	145,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

ARAM HOVSEPYAN

Mandate

Active

Ended mandates

Aram Hovsepyan

Manager · since 13 octobre 2011

Ended

At this address

Other companies at this address

Company	CBE no.
Erven & Wonen● Active	0789.680.760
MH Caredent● Active	0736.758.451
MORGENROOD● Active	0744.397.596
PHARMADVICE● Active	0896.586.737
YVI NAILS, HAIR & WELLNESS● Liquidation	0824.532.464

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/07/2026	30/06/2025	10/07/2024	29/06/2023	29/06/2022	28/06/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	23/06/2023	24/06/2022	25/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	03/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	30/06/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	10/07/2024	Dutch	PDF
Abridged model	31/12/2022	23/06/2023	29/06/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	29/06/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	28/06/2021	Dutch	PDF
Abridged model	31/12/2019	26/06/2020	02/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	01/07/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	29/06/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	01/07/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	25/06/2016	Dutch	PDF
Abridged model	31/12/2014	31/07/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	15/08/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	29/08/2013	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

ARAM HOVSEPYAN

Mandate

Active

Ended mandates

Aram Hovsepyan

Manager · since 13 octobre 2011

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/07/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DIVERSEN - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office25/01/2013
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Other25/10/2011
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202526,2 k €↑
2024
Annual accounts 2024-10,9 k €↓
2023
Annual accounts 202359,9 k €↑
2022
Annual accounts 2022-3,3 k €↑
2021
Annual accounts 2021-20,3 k €↓
2021
Name changeCODIFIC
2020
Annual accounts 20209,5 k €↑
2019
Annual accounts 2019-2,7 k €↓
2018
Annual accounts 20186,1 k €↓
2017
Annual accounts 20178,2 k €↓
2016
Annual accounts 20168,3 k €↑
2015
Annual accounts 2015428,4 €↓
2014
Annual accounts 20149,3 k €↑
2013
Annual accounts 20137,1 k €↓
2012
Annual accounts 201222,0 k €
2012
Name changeBOZA Solutions
07/10/2011
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Codific

Overview

What does Codific do?

Trend over 14 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline